Financial forecasts & Projection

Financial forecasts guess that the entity will continue to function in the manner in which it is presently functioning. The financial forecast presents the predicted results for the next year on the basis of the present year. Financial projections make 1, or more hypothetical assumptions about an entity’s future course of action. 

Elements of Your Financial Projection

Following 3 financial statements are prepared:

  1. Income Statement (Profit and loss account)
  2. Balance sheet
  3. Cash Flow Projection

Steps to create a Financial Forecast:

  1. Collect your past financial statements
  2. Decide how we’ll make your forecast
  3. Prepare your pro forma statements

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